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<blockquote data-quote="1timepu" data-source="post: 253749" data-attributes="member: 28"><p>The rate would be around %15 if passed, A flat tax is different as it still leaves loop holes, and it doesnt eliminate double taxing. The exemption under the Fair tax which everybody is entitled is for the products that shouldnt be taxed like groceries and clothes, that money you get should go to those things, but you can spend it anyway you want, but remember if you chose to not spend it on Groceries or clothes then you will incur a tax on the other products</p></blockquote><p></p>
[QUOTE="1timepu, post: 253749, member: 28"] The rate would be around %15 if passed, A flat tax is different as it still leaves loop holes, and it doesnt eliminate double taxing. The exemption under the Fair tax which everybody is entitled is for the products that shouldnt be taxed like groceries and clothes, that money you get should go to those things, but you can spend it anyway you want, but remember if you chose to not spend it on Groceries or clothes then you will incur a tax on the other products [/QUOTE]
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